PulteGroup (PHM) Stock Jumps 7.3%: Will It Continue to Soar?

Core Viewpoint - PulteGroup's stock experienced a significant increase of 7.3% to $132.2, driven by optimism regarding housing affordability improvements in the U.S. [1][2] Company Performance - PulteGroup is projected to report quarterly earnings of $2.79 per share, reflecting a year-over-year decline of 20.3%. Revenue is expected to be $4.31 billion, down 12.4% from the previous year [3]. - The consensus EPS estimate for PulteGroup has remained unchanged over the last 30 days, indicating a lack of upward revisions in earnings estimates [4]. Industry Context - PulteGroup operates within the Zacks Building Products - Home Builders industry, which includes other companies like Century Communities [5]. - Century Communities is also facing challenges, with a consensus EPS estimate of $1.39, representing a year-over-year decline of 60.2% [6].